Bitcoin (BTC)'s 'Christmas Rebound' could be very dangerous, XRP is crucial but stable, DOGE (DOGE) Trading Volume suggests a bearish decline



The so-called "Christmas Rebound" of BTC is usually a period of optimism and price increase during the holiday season, but now it is showing signs of potential danger. After briefly falling below the 50 EMA at $95,000, BTC has successfully rebounded, and the current trading price is close to $97,000. There is growing concern that this rebound may ultimately form a lower high, which is a traditional sign of the continuation of a downtrend.

The bearish pattern will be validated through lower highs, which could trigger a sharp decline in price. If BTC fails to break through the previous high of around $104,000, it may struggle to maintain the positive momentum observed in the past few months. If BTC fails to recover to higher levels, it may move towards the important support area; the 100 EMA is a key level to watch, around $84,500.
BTC-0,05%
XRP-0,14%
DOGE-0,14%
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GateUser-5bf08d33vip
· 2024-12-27 14:44
#DOGE#Anyway, I can't get out of my own market and I can't keep up with the rise of BTC, so let's change coins, everyone,
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